StartupLoans.org provides business financing information and resources for entreprenuers and business owners. While on the site, you can learn more about different loan types and your options as a business owner. If you're ready to, you can also apply for financing.

Alabama Small Business Resources

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Alabama Financing

Small business loans can get your small business the money needed to make much needed purchases, start renovations or expansions, or to start new projects that require additional capital. Thousands of Alabama’s small businesses, like yours, are looking into their small businesses options to get the capital they need. Rather than waiting to raise the capital to meet your small businesses needs you can get $5,000 and up within as little as 48 hours through a small business loan.

Think you are ready? Apply here and get one call from the exclusive company that you are matched with. No gimmicks or out of pocket expenses. When we say we are here to help you get a loan, we prove it.

What are the details?

A small business loan is a loan provided by a bank or another type of lending institution to a small business. With a small business loan your Alabama business can get any where from $5,000 in upwards of $50,000. Interest rates from small business loans can vary depending on the businesses credit history and rating, your assets and the size of the loan your business is taking out.

On average a small business loan interest rate ranges from 7.6% – 8.4% APR, however it can go lower or higher depending on the business and the lender. Small business loans can be secured or unsecured loans. Secured small business loans require the business to have an asset to put up as collateral on the loan. Unsecured small business loans do not require any collateral, businesses receiving this type of loan must have a clean credit history and high credit score.

Common uses for a Small Business Loan

  • Purchases
  • Renovations/Expansions
  • Business Investments
  • Start up money
  • New Construction
  • Real Estate

How to get a Small Business Loan in Alabama

  1. Find a bank or other lending institution that offers small business loans in the state of Alabama
  2. Make sure your business meets the lenders requirements; credit history/rating, assets and businesses income
  3. Submit an application
  4. Negotiate the terms and conditions to the loan, if possible
  5. Sign the contract and set up a repayment schedule

Below you will find a list of all Alabama business resources. StartupLoans.org, your trusted resource for all business loans, has put together a list for each state to help you grow your business. Each category is broken down specificity of the particular resource. Because of that, you may find a government resource in, say, the Women in Business section. We felt to break these down in the best possible way we would break our own rules. But, after all, that’s what business is all about! We hope you enjoy these business resources and if you would like to say thanks or just help out other small business owners find this resource, please feel free to link back to us.

Government Resources

Women in Business

Minorities Business Resources

Other Publications in Alabama

Alabama State Facts Alabama USA
Population, 2009 estimate 4,708,708 307,006,550
Population, percent change, April 1, 2000 to July 1, 2009 5.9% 9.1%
Population estimates base (April 1) 2000 4,447,382 281,424,602
Persons under 5 years old, percent, 2008 6.7% 6.9%
Persons under 18 years old, percent, 2008 24.1% 24.3%
Persons 65 years old and over, percent, 2008 13.8% 12.8%
Female persons, percent, 2008 51.6% 50.7%
White persons, percent, 2008 (a) 71.0% 79.8%
Black persons, percent, 2008 (a) 26.4% 12.8%
American Indian and Alaska Native persons, percent, 2008 (a) 0.5% 1.0%
Asian persons, percent, 2008 (a) 1.0% 4.5%
Native Hawaiian and Other Pacific Islander, percent, 2008 (a) Z 0.2%
Persons reporting two or more races, percent, 2008 1.1% 1.7%
Persons of Hispanic or Latino origin, percent, 2008 (b) 2.9% 15.4%
White persons not Hispanic, percent, 2008 68.4% 65.6%
Living in same house in 1995 and 2000, pct 5 yrs old & over 57.4% 54.1%
Foreign born persons, percent, 2000 2.0% 11.1%
Language other than English spoken at home, pct age 5+, 2000 3.9% 17.9%
High school graduates, percent of persons age 25+, 2000 75.3% 80.4%
Bachelor’s degree or higher, pct of persons age 25+, 2000 19.0% 24.4%
Persons with a disability, age 5+, 2000 945,705 49,746,248
Mean travel time to work (minutes), workers age 16+, 2000 24.8 25.5
Housing units, 2008 2,158,576 129,065,264
Homeownership rate, 2000 72.5% 66.2%
Housing units in multi-unit structures, percent, 2000 15.3% 26.4%
Median value of owner-occupied housing units, 2000 $85,100 $119,600
Households, 2000 1,737,080 105,480,101
Persons per household, 2000 2.49 2.59
Median household income, 2008 $42,586 $52,029
Per capita money income, 1999 $18,189 $21,587
Persons below poverty level, percent, 2008 15.9% 13.2%
Business QuickFacts Alabama USA
Private nonfarm establishments, 2007 105,627 7,705,018
Private nonfarm employment, 2007 1,722,834 120,604,265
Private nonfarm employment, percent change 2000-2007 4.2% 5.7%
Nonemployer establishments, 2007 313,813 21,708,021
Total number of firms, 2002 309,544 22,974,655
Black-owned firms, percent, 2002 9.3% 5.2%
American Indian and Alaska Native owned firms, percent, 2002 0.9% 0.9%
Asian-owned firms, percent, 2002 1.4% 4.8%
Native Hawaiian and Other Pacific Islander owned firms, percent, 2002 0.0% 0.1%
Hispanic-owned firms, percent, 2002 0.8% 6.8%
Women-owned firms, percent, 2002 26.4% 28.2%
Manufacturers shipments, 2002 ($1000) 66,686,220 3,916,136,712
Wholesale trade sales, 2002 ($1000) 43,641,369 4,634,755,112
Retail sales, 2002 ($1000) 43,784,342 3,056,421,997
Retail sales per capita, 2002 $9,771 $10,615
Accommodation and foodservices sales, 2002 ($1000) 4,692,297 449,498,718
Building permits, 2008 17,464 905,359
Federal spending, 2008 47,965,756 2,771,782,152
Geography QuickFacts Alabama USA
Land area, 2000 (square miles) 50,744.00 3,537,438.44
Persons per square mile, 2000 87.6 79.6
FIPS Code 1